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They directed their capital to cheaper oil production, and favored U.S. Some Canadian politicians are now calling for a new crude pipeline from Alberta to the Pacific coast, as part of a broader effort to strengthen the country’s economy in the face of U.S. shale for its quicker drilling time and returns. and Canadian company earnings.
Production from the first well was delivered safely, on time and to budget. Michael Zechner, Managing Director of Harbour’s Norway Business Unit, commented: “Maria Phase 2 builds on Harbour’s track record of developing high return, short cycle projects using existing infrastructure. Already a member?
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. energy producers and more than 40,000 suppliers.
Let’s explore the P2P platform and the all-new Foundations and Advanced subscriptions giving non-ops more ways to work with P2P datasets, visualize assets, and forecast production. Robust Management & Integration Enverus continues to invest in tools for activity tracking, auditing, and data ingestion through APIs and Fusion.
In addition, certain Directors, management and their affiliates intend to subscribe for 23,333,333 new Ordinary Shares at the Issue Price to raise a further £0.7 Additional management analysis suggests that future, two-mile laterals on the Paradox project will have an estimated P50 individual well performance of 3.6
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. Most of this water goes back into the producing formations via injection wells as part of IOR and EOR programs to get more production from ageing fields. As fields age, they generate higher water to oil ratios.
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless.
Under the agreement, Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility – a major milestone in the region’s energy evolution. Already a member?
Before natural gas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids. Reduced Efficiency: Liquids in the gas stream can lead to slugging in pipelines, reducing throughput and increasing pressure drop.
Northern Lights will integrate TGS’ Prediktor Data Gateway into its digital system to enhance management of the full CO 2 value chain, from the receiving terminal to permanent storage. This agreement strengthens the ongoing cooperation with Equinor by integrating cutting-edge technology to optimise field operations. Already a member?
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.
The contract covers the provision of Offshore Shutdown Support Services for the Triton floating production, storage and offloading (FPSO) vessel, located approximately 120 miles east of Aberdeen in the North Sea. Already a member?
“We are pleased with our success in today’s bidding round, securing a new exploration opportunity in Brazil – a core country in our international portfolio. Equinor will now work to conduct necessary geological and geophysical assessments for future exploration activities. million Brazilian Real (around US$5.5
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” They do cased hole work, both vertical and horizontal production. on April 15.
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas. This can include drafting plans for equipment layout, pipeline systems, and other components of oil and gas facilities.
Jesper de Jong, Sales Manager DMO, said: “At Draeger Marine & Offshore we are proud to have supported the Poseidon joint venture partners in this landmark project for the UK’s burgeoning CCS industry. Already a member? All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
Managed pressure drilling (MPD) progressed deepwater operations by delivering a critical safety advantage for drilling the world’s most complex and challenging wells. Consequently, MPD traditionally adds additional layers of operational complexity with regard to equipment, processes and workflows. Already a member?
The agreement, which covers the current Duyung Production Sharing Contract (PSC) period until January 2037, provides for a total contact quantity of 392 trillion British thermal units (Btu), or the sale of 111 billion Btu per day, Conrad said in a news release. Financial terms of the agreement were not disclosed. Conrad holds a 76.5
A logistics coordinator in the oil and gas industry plays a crucial role in ensuring the efficient movement of materials, equipment, and personnel to support exploration, production, and distribution activities. Inventory Management: Monitoring and managing inventory levels is crucial to avoid stockouts and excess inventory.
is about to acquire the shale and pipeline assets of Aethon Energy Management, founded by Albert Huddleston, who is also the CEO. Aethon Energy Management has been exploring options for its natural gas assets since last year. Reports emerged earlier this week that Mitsubishi Corp. Mitsubishi Corp.,
For the few solutions that show real value potential, enterprises largely fail to cross the chasm from prototype to production. To be effective, this portal and its underlying infrastructure (for example, OpsLevel, Cortex, Port) should provide a single access point to all validated gen AI products and capabilities.
A new AI architecture paradigmâthe agentic AI meshâis needed to govern the rapidly evolving organizational AI landscape and enable teams to blend custom-built and off-the-shelf agents while managing mounting technical debt and new classes of risk. But the bigger challenge wonât be technical. trillion to $4.4
Insights on WCSB Oil ProductionPipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. billion, would be spent on production, with the remainder of $740 million channeled into exploration.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. AI-Driven Exploration: Unlocking New Potential Oil and gas exploration has always been a high-stakes endeavor, requiring extensive research, testing, and investment.
Department of the Interiors Bureau of Land Management (BLM) Pecos District Office. For example, NEHs current daily production of approximately 4,000 Mcfpd, combined with a 25% loss, results in approximately 30,000 Mcf of monthly vented methane (Ch4) equivalent to the CO emissions produced by approximately 37,905 passenger vehicles per year.
The combined company will be led by Whitecap’s existing management team under the Whitecap name with four Veren directors to join the Whitecap Board of Directors, including the current President & CEO of Veren, Craig Bryksa. Under the terms of the Agreement, Veren shareholders will receive 1.05 million acres in Alberta. billion 1.
July 21, 2025 | Article Talent excellence presents a new industrial imperative in today’s production ecosystem, and leaders need a fundamental mindset shift to meet it. When frontline production workers are saying that, companies can rest assured theyâre doing something right. Productivity growth is slowing across the globe.
In a strategic move within Texas’s oil and gas sector, Scout Energy Management LLC has transferred 315.77 miles of unregulated gas pipelines in Hutchinson and Moore counties to High River Resources LLC, as approved by the Texas Railroad Commission (RRC). The Pipeline Transfer: Enhancing Operational Synergy The transfer of 315.77
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. What is oil and gas upstream midstream downstream?
Whilst there can be no guarantee that appropriate opportunities will be forthcoming or lead to funding, Zephyr expects that it will be in a position to present a number of opportunities to the Investor over the initial six months of the Agreement from its current and expected pipeline.
In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game. Led the development of the Chad-Cameroon Pipeline and spearheaded deepwater drilling projects in the Gulf of Mexico.
Ahmed Kamal El Din Shafik El Desouky was assigned the role of EGPC Vice President for Exploration and a member of the Executive Council of EGPC, effective March 30, 2025. Salama Saber Issa Arabi Sawan was appointed Chairman of the Board of Directors of the Petroleum Pipelines Company (PPC).
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Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain. This flexibility makes them invaluable in today’s diverse oil and gas production landscape. These surges, known as slugs, are a common challenge in gas production.
Overview The combination of AWS generative AI, S&P Global Enterprise Data Management (EDM) for Energy, and Esri ArcGIS tools orchestrates a harmonious symphony in subsurface exploration workflows within the energy sector. The conceptual architecture of the EDI on AWS for the OSDU Platform is shown in the following figure.
Their solution combines advanced weather data and sophisticated algorithms to monitor and optimize solar energy production for small-scale producers. In this post, we explore how BDPV used AWS services to build a scalable, reliable, and cost-effective monitoring architecture. Production performance tracking Figure 3.
They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners. ADNOC announced the award of contracts valued at AED543mn (US$147.8mn) to nine of its suppliers for locally made industrial products to be used across its value chain.
"For new assets, we will seek both to increase that footprint in Oman, and also acquire assets in other preferred jurisdictions that we have identified as attractive to Genel, with a focus on adding production assets that increase the cash generation and resilience of the business, and provide potential for further growth. "In EBITDAX1 1.1
Record-breaking production and soft near-term demand continue to pressure prices, although strong LNG export demand offers longer-term support. natural gas production remained flat in 2024 Summary : In 2024, U.S. marketed natural gas production remained nearly flat at 113 Bcf/d, with Permian output rising 12% to 25.4
Department of Interior (“Interior”) issued an order, effective immediately, mandating a 60-day moratorium on new oil and gas leases and drilling permits on public lands and waters (“Order”).
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Targeting multiple formations at the same time , allowing for optimized reservoir management. Enhancing productivity and efficiency by synchronizing development efforts over contiguous areas. Would you like to explore how row developments could benefit other regions within Coterras portfolio? Let us know in the comments below!
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